Control Agreement definition

Control Agreement is any control agreement entered into among the depository institution at which Borrower maintains a Deposit Account or the securities intermediary or commodity intermediary at which Borrower maintains a Securities Account or a Commodity Account, Borrower, and Bank pursuant to which Bank obtains control (within the meaning of the Code) over such Deposit Account, Securities Account, or Commodity Account.

Control Agreement means a control agreement, in form and substance reasonably satisfactory to Agent, executed and delivered by Parent or one of its Subsidiaries, Agent, and the applicable securities intermediary (with respect to a Securities Account) or bank (with respect to a Deposit Account).

Control Agreement means, with respect to any deposit account, any securities account, commodity account, securities entitlement or commodity contract, an agreement, in form and substance satisfactory to the Administrative Agent, among the Administrative Agent, the financial institution or other Person at which such account is maintained or with which such entitlement or contract is carried and the Loan Party maintaining such account, effective to grant “control” (as defined under the applicable UCC) over such account to the Administrative Agent.

Examples of Control Agreement in a sentence

• The key terms of the 2016 Inventory Control Agreement are summarized below.

• Reference is made to the 2013 Inventory Control Agreement dated 13 August 2013 entered into between the Company and SWL, a Shareholder holding 7.85% of the existing issued Shares as at the date of this announcement, whereby members of the Group and members of the SWL Group may sell and purchase the Products to and from each other with a term from 1 April 2013 to 31 March 2016.

• Details of the 2013 Inventory Control Agreement were disclosed in the Company’s announcement dated 13 August 2013.

• On 29 March 2016 (after trading hours), the Company and SWL entered into the 2016 Inventory Control Agreement whereby no material changes have been made to the terms and conditions of the 2013 Inventory Control Agreement, save for the proposed new annual caps for the three financial years ending 31 March 2017, 31 March 2018 and 31 March 2019.

More Definitions of Control Agreement

Control Agreement shall have the meaning assigned to such term in the Security Agreement.

Control Agreement means a control agreement, in form and substance reasonably satisfactory to Agent, executed and delivered by Borrower or one of its Subsidiaries, Agent, and the applicable securities intermediary (with respect to a Securities Account) or bank (with respect to a Deposit Account).

Control Agreement means, with respect to any deposit account or securities account maintained by any Credit Party, a control agreement in form and substance reasonably satisfactory to the Collateral Agent, duly executed and delivered by such Credit Party and the depositary bank or the securities intermediary, as the case may be, with which such account is maintained.

Control Agreement means a control agreement, in form and substance satisfactory to the Lender, among one or more of the Borrowers or their Subsidiaries, the Lender and the applicable securities intermediary or depository bank with respect to the applicable Securities Account and related Investment Property or deposit account, as the case may be.

Control Agreement means a Deposit Account Control Agreement or a Securities Account Control Agreement.

Control Agreement any account control agreement in form and substance reasonably satisfactory to the Administrative Agent entered into among the depository institution at which a Loan Party maintains a Deposit Account or the securities intermediary at which a Loan Party maintains a Securities Account, such Loan Party, and the Administrative Agent pursuant to which the Administrative Agent obtains control (within the meaning of the UCC or any other applicable law) over such Deposit Account or Securities Account.

Control Agreement means a deposit account control agreement, a securities account control agreement or a commodity account control agreement, as applicable, enabling the Collateral Agent to obtain “control” (within the meaning of the New York UCC) of any such accounts, in form and substance reasonably satisfactory to the Collateral Agent.